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Re: None

Thursday, 10/12/2017 5:46:36 AM

Thursday, October 12, 2017 5:46:36 AM

Post# of 40985
There WASN’T any shady practice about the R/S voting process as some

BEARS called out:

https://www.sec.gov/Archives/edgar/data/1269026/000149315217011512/form8k.htm

Proposal # 1:

(For) 18,211,006 + (Against) 6,343,473 + (Abstain) 168, 131 = 24,722,610 shares voted

Proposal # 2:

(For) 18,552,800 + (Against) 5,927,971 + (Abstain) 241,840 = 24,722,611 shares voted

So:

OS = 36,200,000 shares – 24,722,610 shares = 11,477,390 shares DIDN’T VOTE

Compares to the PR on September 07, 2017:

“Over 13 million shares -- representing nearly 36% of the outstanding common stock -- remained unvoted as of the time of today's meeting.”
http://investors.amedica.com/press-releases/detail/103/amedica-announces-adjournment-of-special-meeting-of";

In 35 calendar days, roughly 1.5Mils extra shares voted.

The voting ended as soon as they hit 50.31%:

18,211,006 / 36,200,000 = .503066

====================================================

Last deadline to be over $1 bid price was August 14th, 2017. If they really wanted to fix the $1 bid price issue, they would have voted back in early July 2017 & would have effectuated the R/S in late July 2017.
As I have mentioned a few times back, the R/S voting only serves 3 purposes:

#1 – Buy time to wrap up thing up like M&A (see 2 examples below)

#2 – to adjust the OS for Change of Control to match the executive incentive plan (10%)

#3 – share exchange w/ the suitor on M&A

Now R/S is already approved - ready to rock & roll! There is NO reason that Nasdaq will reject their plans, hence will grant AMDA extra time (around 4 months).

============ AMDA current situation to stay listed =================

1*Received Delisting Letter (used up all extensions) = 08.22.2017

2*Notify Investors Regarding Delisting Letter = 08.25.2017

3*Request Oral Hearing = Receiving Delisting Letter + 7 days= 08.29.2017

4*Hearing Date = Request Oral Hearing + 45 days = 10.12.2017

5*Hearing Result From Nasdaq = Hearing Date + 14 days = 10.26.2017

6*Notify Investors Regarding Hearing Result = 10.27.2017

7*Granted Until (Bid price issue) = 02.17.2018

*** RECEIVED Delisting Letter until new Deadline (180 days) ***

========== EXAMPLE 1 ======================
http://investors.vcel.com/releasedetail.cfm?releaseid=429181

http://investors.vcel.com/secfiling.cfm?filingID=950123-09-69583&CIK=887359

Received Delisting Letter (Exhausted all allow extensions) = 10.02.2009

Notify Investors Regarding Delisting Letter = 10.07.2009

Request Oral Hearing = Receiving Delisting Letter + 7 days = 10.09.2009

Hearing Date = Request Oral Hearing + 45 days = 11.24.2009

Hearing Result From Nasdaq = Hearing Date + 14 days = 12.08.2009

Notify Investors Regarding Hearing Result = 12.09.2009

Granted Until = 03.31.2010

*** RECEIVED Delisting Letter until new deadline = 180 days ***

======= EXAMPLE 2 =========================
http://ir.cytori.com/investor-relations/news/news-details/2015/Cytori-to-Address-Nasdaq-Listing-via-Nasdaq-Hearing-Panel/default.aspx

https://www.sec.gov/Archives/edgar/data/1095981/000109598116000042/form8k.htm

“As Cytori reported on December 7, 2015, it received a determination letter from the Nasdaq staff stating that it has yet to regain compliance with the minimum bid price requirement fo”

“The hearing will occur on January 21, 2016 at Nasdaq’s Washington, D.C. offices. “

“n or before May 31, 2016, and its continued compliance with all other applicable rules for continued listing on The NASDAQ Capital Market.”

They received letter on the December 3rd, 2015 + 180 days = May 31st, 2016"

http://ir.cytori.com/investor-relations/news/news-details/2015/Cytori-to-Address-Nasdaq-Listing-via-Nasdaq-Hearing-Panel/default.aspx

============== EXAMPLE 3 ====================
Nasdaq even grants extra time while the M&A deal is being close:

http://www.marketwired.com/press-release/poniard-pharmaceuticals-receives-favorable-nasdaq-decision-continued-listing-company-nasdaq-pard-1557317.htm

*** ONLY if there is no more time for any extra extension to stay listed, but we got plenty of time ***

=============================================
BEARS are/were spinning (grasping more likely):

#1 OTC = Delisting = If R/S voting would not get approved <<< NO MORE (R/S approved!)

#2 Effectuate R/S right away = If R/S voting get approved <<< NOT GONNA HAPPEN = 3 above examples

#3 Wow Dilution coming <<< NO UPDATED Quarter Results Yet & 10-K said “NO S-3”

Any of these ever happened, that would be a dream come true for the BEARS, right?

But…..Why the BEARS keep on covering their short positions if they believe these above 3 events will happen soon!!!??? GRASPING!

http://www.nasdaq.com/symbol/amda/short-interest

THEY ARE COVERING! BEARS are so cute! ILLOGICAL!

Is it because #4 = M&A in the work & news is around the corner?

Tons of info from last sticky post & links back to Boston’s DDs as well:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134940310

M&A evidences are stacked up as high as Mt. Everest! Wink as the BEARS!

===============================================
Let do some calculations on the Incentive Plans in case of Change of Control:

“in light of our compensation strategy and objectives. Accordingly, the Board is proposing to increase the number of shares available under the 2012 Plan by 800,000 shares, from 342,425 to 1,142,425, increasing the percentage ratio of the amount of shares available under the Plan to 10.0% of outstanding shares as of March 28, 2016.”

https://www.sec.gov/Archives/edgar/data/1269026/000149315216008810/def14a.htm

(Page 16)

Method #1:

Roughly about 55 mils shares (fully diluted)
10% = 5.5 mils shares, so they have to ask for approval of (5.5 mils – 1,142,425 shares) = around 4.4 mils shares (this method sounds aggressive!)…but they already asked once on last year proxy! Why do double work & vote again? Double vote?

Or

Method #2:

5:1 R/S = 55mils /5 Mils = 11mils shares OS X 10% = 1.1 Mils almost equates to (1,142,425)!!! You see how magical the R/S works? (I believe this method sounds better.) & R/S voting is already approved – ready to rock & roll! This also explains why they were SO RUSH to set up a voting for R/S – wink at the BEARS again, right? Hence, the covering! The BEARS know about this that was why they kept told the BULLS to vote no!

& of course:

Shares swapping with Zimmer purpose (I doubt Zimmer will pay cash for the deal = Tax advantage & other reasons):

If R/S ever be used to coordinate with share swapping in conjunction with swap ratio, it will only effect under 2 situations & it will be spelled out CLEARLY ON THE M&A NEWS:

PRIOR TO THE MERGER …

OR

PRIOR TO THE CLOSING OF THE MERGER…

You can find examples of the news announcements from my previous posts:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133775048

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133838866

===========================================

Long & Strong until M&A news!!!

Long should hold tight!

Don’t let the BEARS take your shares & cover!

I will post some more info later.




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